Veterans who have disabilities, medical conditions, or injuries incurred or aggravated during active military service may be eligible to receive tax-free monthly benefits. To be eligible for disability benefits, you must show: You have a current physical or mental disability. You had an injury or disease in service or experienced an event in service that caused or aggravated an injury or disease. There is a link between your current disability and the event, injury, or disease in … [Read more...] about If I am a disabled veteran, am I entitled to any benefits?
How do I qualify for DIC benefits?
To qualify for DIC benefits as a surviving spouse, the following eligibility guidelines apply: You were married to a Servicemember who died on active duty, active duty for training, or inactive duty training, OR You were validly married the Veteran before January 1, 1957, OR You were married to the Veteran within 15 years of discharge from the period of military service in which the disease or injury that caused the Veteran's death began or was aggravated, OR You were married to … [Read more...] about How do I qualify for DIC benefits?
Am I eligible for any financial benefits if I’m a surviving spouse?
The most well-known benefit available to a surviving spouse is Dependency and Indemnity Compensation (DIC). Dependency and Indemnity Compensation (DIC) is a tax-free monetary benefit paid to eligible survivors of military Servicemembers who died in the line of duty or eligible survivors of Veterans whose death resulted from a service-related injury or disease. … [Read more...] about Am I eligible for any financial benefits if I’m a surviving spouse?
What is the Veterans Aid and Attendance program?
The Veteran’s Aid & Attendance (VA&A) program is intended to provide additional monetary assistance above and beyond that provided by the VA pension program. The additional assistance is aimed at helping veterans who need help with daily tasks of living, such as dressing, bathing, or cooking by providing the financial resources to hire so someone to help. The maximum benefit amount for Veterans Aid & Attendance will depend on the category under which you qualify and will be subject … [Read more...] about What is the Veterans Aid and Attendance program?
Am I eligible for veteran’s pension?
The general guidelines for the veteran’s pension program indicate that you might qualify if you: Were discharged from service under other than dishonorable conditions, AND Served 90 days or more of active military, naval or air service with at least one day during a period of war, AND Have countable income below the maximum annual pension rate, AND Meet the net worth limitations, AND Are age 65 or older OR you are shown by evidence to have a permanent and total … [Read more...] about Am I eligible for veteran’s pension?
What is veteran’s pension?
Veteran's pension program provides monthly benefit payments to certain wartime veterans with financial need, and their survivors. The veterans pension program is a needs-based benefit paid to a wartime veteran and his/her survivor(s). … [Read more...] about What is veteran’s pension?
What does it mean to administration a trust?
A trust agreement is the name of the document used to create a trust. Within the trust agreement are the terms, created by the Settlor, that dictate how the trust will operate. Trust administration refers to the Trustee’s job of overseeing the terms of the trust in action. Generally, the more complex and/or valuable the trust assets are, the more time consuming and complicated it is to administer the trust. … [Read more...] about What does it mean to administration a trust?
Who should be my Trustee?
One of the most common mistakes Settlors make when creating a trust is to appoint someone close to them, such as a spouse or friend, as the Trustee of their trust without taking to time to contemplate the individual’s suitability for the job. Ideally, your Trustee should have experience in the legal and/or financial field because many of the Trustee duties require a knowledge of law and finance. Instead of simply appointing someone you “trust” as your Trustee, appoint someone who can administer … [Read more...] about Who should be my Trustee?
What are the duties of a Trustee?
The Trustee of a trust administers the trust which requires the Trustee to take on a wide range of duties and responsibilities, including: Following all trust terms unless they are illegal or unconscionable. Communicating with beneficiaries. Investing trust assets using the “prudent investor” standard. Managing trust assets. Distributing trust assets. Keeping trust records. Preparing and filing trust taxes. Defending the trust against legal challenges. … [Read more...] about What are the duties of a Trustee?
How does a living trust fit into my estate plan?
A living trust can help achieve a wide range of estate planning goals; however, some of the more common uses for a living trust include: Avoiding probate Asset protection Incapacity planning Medicaid planning Planning for parents with minor children Special needs planning Pet planning … [Read more...] about How does a living trust fit into my estate plan?
